Tax question - How to minimise tax on a foreign job?
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I am resident outside the EU (I live in Angola) and have been for several years.
Although I used to be in the building trade, I now work in security. I have now been asked to provide security consultancy to a UK company. In my draft proposal, I have proposed that I visit the company's UK offices for six to eight weeks. I have requested that I should be provided with a fully furnished flat or hotel near the company's offices. If not, a car should be provided. I have asked for a maid, return flights, a few other comforts etc...
But now comes the question of payment... although you are in the building trade, I know pavingexpert.com members are generally keen to minimise their tax liabilities and quite savvy in this area.
I am quite tempted to simply ask the company to pay me in Angola. I don't think the Angolan authorities would even notice and they generally like money flowing into the country. But I want to get the money back to UK eventually. So what are the tax implications if I received this cash directly into a personal UK account?
Are there other clever ways to minimise any payment to the taxman?
Although I used to be in the building trade, I now work in security. I have now been asked to provide security consultancy to a UK company. In my draft proposal, I have proposed that I visit the company's UK offices for six to eight weeks. I have requested that I should be provided with a fully furnished flat or hotel near the company's offices. If not, a car should be provided. I have asked for a maid, return flights, a few other comforts etc...
But now comes the question of payment... although you are in the building trade, I know pavingexpert.com members are generally keen to minimise their tax liabilities and quite savvy in this area.
I am quite tempted to simply ask the company to pay me in Angola. I don't think the Angolan authorities would even notice and they generally like money flowing into the country. But I want to get the money back to UK eventually. So what are the tax implications if I received this cash directly into a personal UK account?
Are there other clever ways to minimise any payment to the taxman?
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With the maid and all, it sounds good.ilovesettsonmondays wrote:You might as well sign on while your here too
Unfortunately, I will have to fork out for professional advice. I always want to be able to return to UK so need to abide by UK law.
I thought this was a relatively simple question, but it turns out when HMRC is involved there is always a question mark that emerges somewhere...
LLL I have a tax advisor I just hate paying it... But I will just have to stomach it I guess...
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the irony of getting a job as a professional adviser re security yet baulking at paying another professional adviser re tax hahahahah
Giles
Groundworks and Equestrian specialists, prestige new builds and sports pitches. High Peak, Cheshire, South Yorkshire area.
http://www.gbgroundworks.com
Groundworks and Equestrian specialists, prestige new builds and sports pitches. High Peak, Cheshire, South Yorkshire area.
http://www.gbgroundworks.com